Power generation: Only 25 of 160 licensed GenCos operating - APGC nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
NIPP sale: BPE ignores Reps, NNPC bids for power plants The Punch
Published 6 July 2021
The Bureau of Public Enterprises on Monday assured prospective power investors that the five National Integrated Power Plants put up for sale would go on as planned despite calls for its suspension by the House of Representatives.
Also, documents sighted in Abuja on Monday showed that the Nigerian National Petroleum Corporation had submitted Expression of Interest to the BPE to acquire the five NIPPs though NNPC Gas and Power Investment Company Limited.
On July 1, The PUNCH reported that the House of Representatives asked the Federal Government to suspend plan to sell the NIPPs owned by the Niger Delta Power Holding Company Limited until the lingering issues on the ownership of the firm were resolved.
• Electricity workers threaten strike over planned sale of TCN
The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned.
Director General of the Bureau of Public Enterprises (BPE), the agency overseeing the privatisation of the five plants, Mr. Alex A. Okoh, told reporters in Abuja, yesterday, that the move was in line with the bureau’s 2021 work plan as approved by the National Council on Privatisation (NCP) and would be strictly adhered to.
The plants are: Benin Generation Company Limited at Ihovba, Edo State; Calabar Generation Company Limited, Cross River State; Geregu Generation Company Limited, Kogi State; Olorunsogo Generation Company Limited, Ogun State; and Omotosho Generation Company Limited, Ondo State.
Okoh, the Bureau had received 36 Expression of Interest (EOIs) from prospective investors. He said the Federal Government was determined to resuscitate the power plants to put them to full use for the much needed power requirement of the people and growth of the nation. He also said that the privatisation of the five NIPP plants was in line with the Bureau’s 2021 work plan as approved by the National Council on Privatisation (NCP). The five NIPP plants are: Benin Generation Company Limited at Ihovba, Edo State, Calabar Generation Company Limited, Cross River State, Geregu Generation Company Limited, Kogi State, Olorunsogo Generation Company Limited, Ogun State and Omotosho Generation Company Limited, Ondo State.
36 Investors Jostle for Five NIPPs Slated for Sale thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.